The Property consists of four adjacent parcels of land and three two-story buildings with ten total units comprised of two commercial units, five 2-Bedroom units, two 1-Bedroom units, and one 1+ Bedroom unit. The Property features ample off-street parking and offers a stable income stream with significant upside in the existing residential rents, and through the lease up of the vacant 1,800 sq ft commercial unit. 204 N Main Street contains five units comprised of one commercial tenant (Gaslighter), three 2-Bedroom units, and one 1-Bedroom unit. 204.5 N Main Street contains two units comprised of one 2-Bedroom unit and one 1-Bedroom unit. 206 N Main Street is a 0.06-acre lot that has recently been converted into an attractive patio and green space for the commercial and residential tenants. 208 N Main Street contains three total units comprised of one commercial tenant (vacant), one 2-Bedroom unit, and one 1+ Bedroom unit. In total, Eight of the ten units are separately metered for electric, heat, and hot water, which the tenants pay directly. The landlord is responsible for heat and hot water in two units (204.5 1 & 2), common area electric, and domestic water and sewer. Over the past year, the Property has undergone significant capital improvements and renovations. On average more than 11,700 vehicles pass by the Property each day along N Main Street (US Route 3). Additionally, the municipal bus line has a stop approximately 300 feet from the Property.
Closed
Listed by:
William Peck,
Horvath & Tremblay LLC 781-776-4000
Bought with: Horvath & Tremblay LLC
$1,475,000
204-208 N Main Street, Concord, NH 03301
--beds
--baths
10,295sqft
Multi Family
Built in 1930
-- sqft lot
$1,544,000 Zestimate®
$143/sqft
$2,310 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 08, 2024 at 11:02am
Listed by:
William Peck,
Horvath & Tremblay LLC 781-776-4000
Bought with:
William Peck
Horvath & Tremblay LLC
Source: PrimeMLS,MLS#: 4979289
Facts & features
Interior
Heating
- Natural Gas, Electric, Gas Heater
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished,Interior Entry
Interior area
- Total structure area: 15,724
- Total interior livable area: 10,295 sqft
- Finished area above ground: 10,295
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, Off Street
Features
- Levels: Two
- Frontage length: Road frontage: 126
Lot
- Size: 0.50 Acres
- Features: Level
Details
- Zoning description: CU
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Aluminum Siding, Vinyl Siding
- Foundation: Brick
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: None, No Internet
Community & neighborhood
Location
- Region: Concord